PROYECCIÓN ANUAL DE LA INFLACIÓN

Fecha 2021 2022

Valor esperado
Mínimo
Máximo
Inflación Base 3.00% 3.00%
IPC
Deflactor
Inflación Proyectada

Tasa Impositiva 33% 33%

PROYECCIÓN ANUAL DEL TRÁFICO POR PEAJE

2021 2022
Total 13515950 14222225
Category I 11199295 11537285
Peaje Andes

Category II 1020175 1193185

Category IIE 0 0
Category III 573415 648240
Category IV 275575 295650
Category V 116435 159870
Category VI 119720 145635
Category VII 211335 242360
Total 1277865 1423135
Category I 1171650 1302320
Peaje Fusca

Category II 22630 26645

Category IIE 0 0
Category III 41610 48545
Category IV 30295 29200
Category V 9125 13870
Category VI 1460 1460
Category VII 1095 1095
Total 0 77015
Peaje Unisabana

Category I 0 0
Category II 0 0
Category IIE 0 0
Category III 0 0
Category IV 0 0
Category V 0 30660
Category VI 0 20075
Category VII 0 26280

PROYECCIÓN DEL VALOR DE LA TARIFA POR PEAJE

2021 2022
Category I $ 9,335.92 $ 9,616.00
Category II $ 16,337.86 $ 16,828.00
Peaje Andes

Category IIE $ 15,595.23 $ 16,063.09

Category III $ 10,396.82 $ 10,708.72
Category IV $ 23,764.16 $ 24,477.08
Category V $ 36,282.78 $ 37,371.26
Category VI $ 46,785.69 $ 48,189.26
Category VII $ 51,878.01 $ 53,434.35
Category I $ 9,335.92 $ 9,616.00
Category II $ 16,337.86 $ 16,828.00
Peaje Fusca

Category IIE $ 15,595.23 $ 16,063.09

Peaje Fusca
Category III $ 10,396.82 $ 10,708.72
Category IV $ 23,764.16 $ 24,477.08
Category V $ 36,282.78 $ 37,371.26
Category VI $ 46,785.69 $ 48,189.26
Category VII $ 51,878.01 $ 53,434.35
Category I $ 9,335.92 $ 9,616.00
Peaje Unisabana

Category II $ 16,337.86 $ 16,828.00

Category IIE $ 15,595.23 $ 16,063.09
Category III $ 10,396.82 $ 10,708.72
Category IV $ 23,764.16 $ 24,477.08
Category V $ 36,282.78 $ 37,371.26
Category VI $ 46,785.69 $ 48,189.26
Category VII $ 51,878.01 $ 53,434.35

PROYECCIÓN ANUAL DE LOS COSTOS DEL PERSONAL

2021 2022
Salarios $0 $8,400,000,000

PROYECCIÓN ANUAL DE LOS COSTOS FIJOS GENERALES

2021 2022
Valor $0 $1,320,000,000

PROYECCIÓN ANUAL DE LOS COSTOS MANTENIMIENTO

2021 2022
UF 1 $0 $0
UF 2 $0 $0
UF 3 $0 $0
UF 4 $0 $0
UF 5 $0 $0
UF 6 $0 $0
UF 7 $0 $0

PROYECCIÓN DE CONSTRUCCIÓN DE UNIDADES FUNCIONALES

2021 2022
UF 1 $0 $5,950,000,000
UF 2 $0 $4,060,000,000
UF 3 $0 $7,140,000,000
UF 4 $0 $4,830,000,000
UF 5 $0 $1,820,000,000
UF 6 $0 $4,340,000,000
UF 7 $0 $4,900,000,000
Otros $0 $730,000,000

PROYECCIÓN DEL COMPRA Y VENTA DE ACTIVOS FIJOS Y SU DEPRECIACIÓN ANUAL

Periodio 2021 2022

% G/P Ocasional 0% 0%
Valor total activos $ 18,747,501,000.00 $ 19,309,926,030.00
Valor Salvamento 0.2
Vida Util [años] 10

2021 2022
Depreciación $ 0.00 $ 1,499,800,080.00
 Valor Libros $ 18,747,501,000.00 $ 17,247,700,920.00
CAPEX $ 18,747,501,000.00 $ 0.00

NOTA: En los años marcados en azul hay compra y venta de activos. Los precios de los activos se proyectar
impuesto ocasional)
 2023 2024 2025

3.00% 3.00% 3.00%

33% 33% 33%

2023 2024 2025

14517145 15124140 15773475
11731100 12125665 12494315
1234065 1273120 1313635
0 0 42705
672695 715765 761025
309885 337625 367555
165710 187610 212430
151475 187975 233965
252215 296380 347845
1449050 1503070 1555630
1324220 1368750 1410360
27375 28470 29200
0 0 1095
50005 53290 56940
30660 33215 36135
14235 16060 18250
1460 1825 2190
1095 1460 1460
79935 94170 110595
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
31755 36135 40515
20805 25915 32120
27375 32120 37960

2023 2024 2025

$ 9,904.48 $ 10,201.61 $ 10,507.66
$ 17,332.84 $ 17,852.82 $ 18,388.41
$ 16,544.98 $ 17,041.33 $ 17,552.57
$ 11,029.99 $ 11,360.89 $ 11,701.71
$ 25,211.40 $ 25,967.74 $ 26,746.77
$ 38,492.40 $ 39,647.17 $ 40,836.59
$ 49,634.94 $ 51,123.99 $ 52,657.71
$ 55,037.38 $ 56,688.50 $ 58,389.16
$ 9,904.48 $ 10,201.61 $ 10,507.66
$ 17,332.84 $ 17,852.82 $ 18,388.41
$ 16,544.98 $ 17,041.33 $ 17,552.57
 $ 11,029.99 $ 11,360.89 $ 11,701.71
$ 25,211.40 $ 25,967.74 $ 26,746.77
$ 38,492.40 $ 39,647.17 $ 40,836.59
$ 49,634.94 $ 51,123.99 $ 52,657.71
$ 55,037.38 $ 56,688.50 $ 58,389.16
$ 9,904.48 $ 10,201.61 $ 10,507.66
$ 17,332.84 $ 17,852.82 $ 18,388.41
$ 16,544.98 $ 17,041.33 $ 17,552.57
$ 11,029.99 $ 11,360.89 $ 11,701.71
$ 25,211.40 $ 25,967.74 $ 26,746.77
$ 38,492.40 $ 39,647.17 $ 40,836.59
$ 49,634.94 $ 51,123.99 $ 52,657.71
$ 55,037.38 $ 56,688.50 $ 58,389.16

2023 2024 2025

$8,640,000,000 $9,000,000,000 $9,240,000,000

2023 2024 2025

$1,320,000,000 $1,440,000,000 $1,440,000,000

2023 2024 2025

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2023 2024 2025

$12,540,000,000 $72,320,000,000 $89,470,000,000
$6,380,000,000 $36,140,000,000 $80,790,000,000
$11,220,000,000 $0 $0
$7,590,000,000 $0 $0
$2,860,000,000 $0 $0
$6,820,000,000 $0 $0
$7,700,000,000 $0 $37,490,000,000
$3,590,000,000 $310,000,000 $4,720,000,000

CIACIÓN ANUAL

2023 2024 2025

0% 0% 0%
$ 19,889,223,810.90 $ 20,485,900,525.23 $ 21,100,477,540.98

2023 2024 2025

$ 1,499,800,080.00 $ 1,499,800,080.00 $ 1,499,800,080.00
 $ 15,747,900,840.00 $ 14,248,100,760.00 $ 12,748,300,680.00
$ 0.00 $ 0.00 $ 0.00

s de los activos se proyectarán con la inflación. Los activos se venderán siempre por el valor en libros (no hay
impuesto ocasional)
 2026 2027 2028

3.00% 3.00% 3.00%

33% 33% 33%

2026 2027 2028

16414050 17080175 17428385
13018455 13564130 13791525
1327505 1341375 1366195
42705 42705 42705
799715 839865 876365
386170 405150 424130
225570 239440 253310
244550 255500 267545
369380 392010 406610
1621330 1689950 1721340
1469490 1531175 1556725
29565 29930 30295
1095 1095 1095
59860 62780 65335
37960 40150 41975
19345 20440 21535
2190 2555 2555
1825 1825 1825
116800 123735 129210
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
43070 45990 48545
33580 35040 36500
40150 42705 44165

2026 2027 2028

$ 10,822.89 $ 11,147.58 $ 11,482.00
$ 18,940.06 $ 19,508.26 $ 20,093.51
$ 18,079.15 $ 18,621.52 $ 19,180.17
$ 12,052.76 $ 12,414.35 $ 12,786.78
$ 27,549.17 $ 28,375.65 $ 29,226.92
$ 42,061.69 $ 43,323.54 $ 44,623.24
$ 54,237.44 $ 55,864.56 $ 57,540.50
$ 60,140.83 $ 61,945.06 $ 63,803.41
$ 10,822.89 $ 11,147.58 $ 11,482.00
$ 18,940.06 $ 19,508.26 $ 20,093.51
$ 18,079.15 $ 18,621.52 $ 19,180.17
 $ 12,052.76 $ 12,414.35 $ 12,786.78
$ 27,549.17 $ 28,375.65 $ 29,226.92
$ 42,061.69 $ 43,323.54 $ 44,623.24
$ 54,237.44 $ 55,864.56 $ 57,540.50
$ 60,140.83 $ 61,945.06 $ 63,803.41
$ 10,822.89 $ 11,147.58 $ 11,482.00
$ 18,940.06 $ 19,508.26 $ 20,093.51
$ 18,079.15 $ 18,621.52 $ 19,180.17
$ 12,052.76 $ 12,414.35 $ 12,786.78
$ 27,549.17 $ 28,375.65 $ 29,226.92
$ 42,061.69 $ 43,323.54 $ 44,623.24
$ 54,237.44 $ 55,864.56 $ 57,540.50
$ 60,140.83 $ 61,945.06 $ 63,803.41

2026 2027 2028

$9,480,000,000 $9,840,000,000 $10,080,000,000

2026 2027 2028

$1,440,000,000 $1,560,000,000 $1,560,000,000

2026 2027 2028

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2026 2027 2028

$26,940,000,000 $0 $0
$13,880,000,000 $0 $0
$69,900,000,000 $120,950,000,000 $39,370,000,000
$34,180,000,000 $83,640,000,000 $39,090,000,000
$0 $7,340,000,000 $41,640,000,000
$1,010,000,000 $57,310,000,000 $49,950,000,000
$97,660,000,000 $23,360,000,000 $0
$7,020,000,000 $3,710,000,000 $1,630,000,000

2026 2027 2028

0% 0% 0%
$ 21,733,491,867.21 $ 22,385,496,623.23 $ 23,057,061,521.93

2026 2027 2028

$ 1,499,800,080.00 $ 1,499,800,080.00 $ 1,499,800,080.00
$ 11,248,500,600.00 $ 9,748,700,520.00 $ 8,248,900,440.00
$ 0.00 $ 0.00 $ 0.00
 2029 2030 2031

3.00% 3.00% 3.00%

33% 33% 33%

2029 2030 2031

17784260 18149625 18523750
14022570 14257630 14496705
1391015 1416930 1442480
42705 42705 42705
913595 953015 994260
444570 465375 487275
267545 282875 298935
279955 292730 306600
422305 438365 454790
1754555 1788500 1822810
1583005 1609650 1636660
31025 31390 32120
1095 1095 1095
68255 71175 74095
43800 45990 48180
22995 24090 25550
2555 2920 2920
1825 2190 2190
135415 141985 148920
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
51100 54020 57305
38325 40150 41975
45990 47815 49640

2029 2030 2031

$ 11,826.46 $ 12,181.26 $ 12,546.70
$ 20,696.31 $ 21,317.20 $ 21,956.72
$ 19,755.57 $ 20,348.24 $ 20,958.69
$ 13,170.38 $ 13,565.49 $ 13,972.46
$ 30,103.73 $ 31,006.84 $ 31,937.04
$ 45,961.94 $ 47,340.80 $ 48,761.02
$ 59,266.71 $ 61,044.71 $ 62,876.06
$ 65,717.51 $ 67,689.04 $ 69,719.71
$ 11,826.46 $ 12,181.26 $ 12,546.70
$ 20,696.31 $ 21,317.20 $ 21,956.72
$ 19,755.57 $ 20,348.24 $ 20,958.69
 $ 13,170.38 $ 13,565.49 $ 13,972.46
$ 30,103.73 $ 31,006.84 $ 31,937.04
$ 45,961.94 $ 47,340.80 $ 48,761.02
$ 59,266.71 $ 61,044.71 $ 62,876.06
$ 65,717.51 $ 67,689.04 $ 69,719.71
$ 11,826.46 $ 12,181.26 $ 12,546.70
$ 20,696.31 $ 21,317.20 $ 21,956.72
$ 19,755.57 $ 20,348.24 $ 20,958.69
$ 13,170.38 $ 13,565.49 $ 13,972.46
$ 30,103.73 $ 31,006.84 $ 31,937.04
$ 45,961.94 $ 47,340.80 $ 48,761.02
$ 59,266.71 $ 61,044.71 $ 62,876.06
$ 65,717.51 $ 67,689.04 $ 69,719.71

2029 2030 2031

$10,440,000,000 $10,800,000,000 $11,160,000,000

2029 2030 2031

$1,560,000,000 $1,680,000,000 $1,680,000,000

2029 2030 2031

$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000
$840,000,000 $720,000,000 $1,320,000,000

2029 2030 2031

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$8,920,000,000 $0 $0
$32,160,000,000 $0 $0
$0 $0 $0
$340,000,000 $0 $0

2029 2030 2031

0% 0% 0%
$ 23,748,773,367.58 $ 24,461,236,568.61 $ 25,195,073,665.67

2029 2030 2031

$ 1,499,800,080.00 $ 1,499,800,080.00 $ 1,499,800,080.00
$ 6,749,100,360.00 $ 5,249,300,280.00 $ 3,749,500,200.00
$ 0.00 $ 0.00 $ 21,445,573,465.67
 2032 2033 2034

3.00% 3.00% 3.00%

33% 33% 33%

2032 2033 2034

18908095 19138775 19377850
14739795 14810240 14881415
1469490 1504530 1540665
42705 42705 42705
1036600 1089890 1146465
510635 531075 552975
316090 329230 343100
320835 334705 348940
471945 496400 521585
1857485 1874275 1890700
1664035 1672065 1680095
32485 33580 34310
1095 1095 1095
77380 81395 85410
50370 52560 54750
27010 28105 29200
2920 3285 3285
2190 2190 2555
156220 163155 170090
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
60590 63145 65700
44165 45990 47815
51465 54020 56575

2032 2033 2034

$ 12,923.10 $ 13,310.79 $ 13,710.11
$ 22,615.42 $ 23,293.88 $ 23,992.70
$ 21,587.45 $ 22,235.07 $ 22,902.12
$ 14,391.63 $ 14,823.38 $ 15,268.08
$ 32,895.16 $ 33,882.01 $ 34,898.47
$ 50,223.85 $ 51,730.57 $ 53,282.49
$ 64,762.34 $ 66,705.21 $ 68,706.36
$ 71,811.30 $ 73,965.64 $ 76,184.61
$ 12,923.10 $ 13,310.79 $ 13,710.11
$ 22,615.42 $ 23,293.88 $ 23,992.70
$ 21,587.45 $ 22,235.07 $ 22,902.12
 $ 14,391.63 $ 14,823.38 $ 15,268.08
$ 32,895.16 $ 33,882.01 $ 34,898.47
$ 50,223.85 $ 51,730.57 $ 53,282.49
$ 64,762.34 $ 66,705.21 $ 68,706.36
$ 71,811.30 $ 73,965.64 $ 76,184.61
$ 12,923.10 $ 13,310.79 $ 13,710.11
$ 22,615.42 $ 23,293.88 $ 23,992.70
$ 21,587.45 $ 22,235.07 $ 22,902.12
$ 14,391.63 $ 14,823.38 $ 15,268.08
$ 32,895.16 $ 33,882.01 $ 34,898.47
$ 50,223.85 $ 51,730.57 $ 53,282.49
$ 64,762.34 $ 66,705.21 $ 68,706.36
$ 71,811.30 $ 73,965.64 $ 76,184.61

2032 2033 2034

$11,400,000,000 $11,760,000,000 $12,120,000,000

2032 2033 2034

$1,800,000,000 $1,800,000,000 $1,920,000,000

2032 2033 2034

$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000
$1,200,000,000 $720,000,000 $1,440,000,000

2032 2033 2034

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2032 2033 2034

0% 0% 0%
$ 25,950,925,875.64 $ 26,729,453,651.91 $ 27,531,337,261.47

2032 2033 2034

$ 2,015,605,893.25 $ 2,015,605,893.25 $ 2,015,605,893.25
$ 23,179,467,772.42 $ 21,163,861,879.16 $ 19,148,255,985.91
$ 0.00 $ 0.00 $ 0.00
 2035 2036 2037

3.00% 3.00% 3.00%

33% 33% 33%

2035 2036 2037

19623860 19877170 20139240
14952590 15024130 15096035
1577895 1615855 1654545
42705 42705 42705
1205230 1267280 1332615
575605 599330 623785
357335 371935 387995
364270 379965 396025
548230 575970 605535
1907490 1924645 1942895
1688125 1696155 1704185
35040 35770 36865
1095 1095 1095
89790 94535 99280
56940 59130 61685
30660 31755 33215
3285 3650 3650
2555 2555 2920
177755 186150 194180
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
68255 71175 74095
50005 52195 54385
59495 62780 65700

2035 2036 2037

$ 14,121.42 $ 14,545.06 $ 14,981.41
$ 24,712.48 $ 25,453.85 $ 26,217.47
$ 23,589.18 $ 24,296.86 $ 25,025.77
$ 15,726.12 $ 16,197.91 $ 16,683.84
$ 35,945.42 $ 37,023.79 $ 38,134.50
$ 54,880.96 $ 56,527.39 $ 58,223.21
$ 70,767.55 $ 72,890.58 $ 75,077.30
$ 78,470.14 $ 80,824.25 $ 83,248.98
$ 14,121.42 $ 14,545.06 $ 14,981.41
$ 24,712.48 $ 25,453.85 $ 26,217.47
$ 23,589.18 $ 24,296.86 $ 25,025.77
 $ 15,726.12 $ 16,197.91 $ 16,683.84
$ 35,945.42 $ 37,023.79 $ 38,134.50
$ 54,880.96 $ 56,527.39 $ 58,223.21
$ 70,767.55 $ 72,890.58 $ 75,077.30
$ 78,470.14 $ 80,824.25 $ 83,248.98
$ 14,121.42 $ 14,545.06 $ 14,981.41
$ 24,712.48 $ 25,453.85 $ 26,217.47
$ 23,589.18 $ 24,296.86 $ 25,025.77
$ 15,726.12 $ 16,197.91 $ 16,683.84
$ 35,945.42 $ 37,023.79 $ 38,134.50
$ 54,880.96 $ 56,527.39 $ 58,223.21
$ 70,767.55 $ 72,890.58 $ 75,077.30
$ 78,470.14 $ 80,824.25 $ 83,248.98

2035 2036 2037

$12,600,000,000 $12,960,000,000 $13,320,000,000

2035 2036 2037

$1,920,000,000 $2,040,000,000 $2,040,000,000

2035 2036 2037

$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,440,000,000 $3,120,000,000
$2,280,000,000 $1,320,000,000 $3,000,000,000

2035 2036 2037

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2035 2036 2037

0% 0% 0%
$ 28,357,277,379.31 $ 29,207,995,700.69 $ 30,084,235,571.71

2035 2036 2037

$ 2,015,605,893.25 $ 2,015,605,893.25 $ 2,015,605,893.25
$ 17,132,650,092.66 $ 15,117,044,199.40 $ 13,101,438,306.15
$ 0.00 $ 0.00 $ 0.00
 2038 2039 2040

3.00% 3.00% 3.00%

33% 33% 33%

2038 2039 2040

20459345 20787480 21124010
15276345 15458845 15643900
1667320 1680095 1693235
42705 42705 42705
1376780 1422405 1469855
646050 669410 693500
403690 420115 437270
412085 429240 446760
634370 664665 696785
1970635 1999105 2027575
1724625 1745065 1765870
36865 37230 37595
1095 1095 1095
102565 106215 109500
63875 66065 68620
34675 36135 37595
4015 4015 4015
2920 3285 3285
202940 211335 220825
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
77380 80300 83585
56575 58765 61320
68985 72270 75920

2038 2039 2040

$ 15,430.85 $ 15,893.78 $ 16,370.59
$ 27,003.99 $ 27,814.11 $ 28,648.54
$ 25,776.54 $ 26,549.84 $ 27,346.33
$ 17,184.36 $ 17,699.89 $ 18,230.89
$ 39,278.54 $ 40,456.89 $ 41,670.60
$ 59,969.91 $ 61,769.00 $ 63,622.07
$ 77,329.62 $ 79,649.51 $ 82,038.99
$ 85,746.45 $ 88,318.84 $ 90,968.40
$ 15,430.85 $ 15,893.78 $ 16,370.59
$ 27,003.99 $ 27,814.11 $ 28,648.54
$ 25,776.54 $ 26,549.84 $ 27,346.33
 $ 17,184.36 $ 17,699.89 $ 18,230.89
$ 39,278.54 $ 40,456.89 $ 41,670.60
$ 59,969.91 $ 61,769.00 $ 63,622.07
$ 77,329.62 $ 79,649.51 $ 82,038.99
$ 85,746.45 $ 88,318.84 $ 90,968.40
$ 15,430.85 $ 15,893.78 $ 16,370.59
$ 27,003.99 $ 27,814.11 $ 28,648.54
$ 25,776.54 $ 26,549.84 $ 27,346.33
$ 17,184.36 $ 17,699.89 $ 18,230.89
$ 39,278.54 $ 40,456.89 $ 41,670.60
$ 59,969.91 $ 61,769.00 $ 63,622.07
$ 77,329.62 $ 79,649.51 $ 82,038.99
$ 85,746.45 $ 88,318.84 $ 90,968.40

2038 2039 2040

$13,800,000,000 $14,160,000,000 $14,640,000,000

2038 2039 2040

$2,160,000,000 $2,160,000,000 $2,280,000,000

2038 2039 2040

$2,040,000,000 $960,000,000 $1,800,000,000
$2,040,000,000 $960,000,000 $1,800,000,000
$2,040,000,000 $960,000,000 $1,800,000,000
$2,040,000,000 $960,000,000 $1,800,000,000
$2,040,000,000 $960,000,000 $1,800,000,000
$2,040,000,000 $960,000,000 $1,800,000,000
$1,920,000,000 $960,000,000 $1,680,000,000

2038 2039 2040

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2038 2039 2040

0% 0% 0%
$ 30,986,762,638.86 $ 31,916,365,518.03 $ 32,873,856,483.57

2038 2039 2040

$ 2,015,605,893.25 $ 2,015,605,893.25 $ 2,015,605,893.25
$ 11,085,832,412.90 $ 9,070,226,519.64 $ 7,054,620,626.39
$ 0.00 $ 0.00 $ 0.00
 2041 2042 2043

3.00% 3.00% 3.00%

33% 33% 33%

2041 2042 2043

21467475 21817510 22133600
15830780 16019485 16172785
1706010 1719150 1730465
42705 42705 42705
1518765 1568770 1623520
718685 744235 769055
455155 473770 493480
465010 484355 502605
730365 765040 798985
2056775 2087435 2112985
1787040 1808575 1825730
37960 38325 38325
1095 1095 1095
113150 117165 121180
70810 73730 75920
39055 40515 42340
4380 4380 4745
3285 3650 3650
230680 240535 250390
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
87235 90885 94535
63875 66430 68985
79570 83220 86870

2041 2042 2043

$ 16,861.71 $ 17,367.56 $ 17,888.59
$ 29,507.99 $ 30,393.23 $ 31,305.03
$ 28,166.72 $ 29,011.72 $ 29,882.07
$ 18,777.81 $ 19,341.15 $ 19,921.38
$ 42,920.72 $ 44,208.34 $ 45,534.59
$ 65,530.74 $ 67,496.66 $ 69,521.56
$ 84,500.16 $ 87,035.17 $ 89,646.22
$ 93,697.46 $ 96,508.38 $ 99,403.63
$ 16,861.71 $ 17,367.56 $ 17,888.59
$ 29,507.99 $ 30,393.23 $ 31,305.03
$ 28,166.72 $ 29,011.72 $ 29,882.07
 $ 18,777.81 $ 19,341.15 $ 19,921.38
$ 42,920.72 $ 44,208.34 $ 45,534.59
$ 65,530.74 $ 67,496.66 $ 69,521.56
$ 84,500.16 $ 87,035.17 $ 89,646.22
$ 93,697.46 $ 96,508.38 $ 99,403.63
$ 16,861.71 $ 17,367.56 $ 17,888.59
$ 29,507.99 $ 30,393.23 $ 31,305.03
$ 28,166.72 $ 29,011.72 $ 29,882.07
$ 18,777.81 $ 19,341.15 $ 19,921.38
$ 42,920.72 $ 44,208.34 $ 45,534.59
$ 65,530.74 $ 67,496.66 $ 69,521.56
$ 84,500.16 $ 87,035.17 $ 89,646.22
$ 93,697.46 $ 96,508.38 $ 99,403.63

2041 2042 2043

$15,120,000,000 $15,600,000,000 $16,080,000,000

2041 2042 2043

$2,280,000,000 $2,400,000,000 $2,520,000,000

2041 2042 2043

$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000
$1,560,000,000 $1,080,000,000 $2,160,000,000

2041 2042 2043

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2041 2042 2043

0% 0% 0%
$ 33,860,072,178.08 $ 34,875,874,343.42 $ 35,922,150,573.72

2041 2042 2043

$ 2,015,605,893.25 $ 2,708,805,774.25 $ 2,708,805,774.25
$ 5,039,014,733.13 $ 31,151,266,403.83 $ 28,442,460,629.58
$ 28,821,057,444.94 $ 0.00 $ 0.00
 2044 2045 2046

3.00% 3.00% 3.00%

33% 33% 33%

2044 2045 2046

22456990 22786950 23125305
16327545 16483400 16641080
1741415 1752730 1764045
42705 42705 42705
1680095 1738860 1799815
794605 820885 847895
514285 535455 557720
521950 542025 562830
834390 870890 909215
2139995 2167005 2194015
1843250 1860770 1878655
38690 39055 39055
1095 1095 1095
125560 129940 134320
78475 81030 83585
44165 45990 47815
4745 5110 5110
4015 4015 4380
260975 271925 283240
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
98550 102565 106945
71540 74460 77380
90885 94900 98915

2044 2045 2046

$ 18,425.25 $ 18,978.00 $ 19,547.34
$ 32,244.18 $ 33,211.51 $ 34,207.85
$ 30,778.54 $ 31,701.89 $ 32,652.95
$ 20,519.02 $ 21,134.59 $ 21,768.63
$ 46,900.63 $ 48,307.64 $ 49,756.87
$ 71,607.21 $ 73,755.42 $ 75,968.08
$ 92,335.61 $ 95,105.67 $ 97,958.85
$ 102,385.74 $ 105,457.31 $ 108,621.03
$ 18,425.25 $ 18,978.00 $ 19,547.34
$ 32,244.18 $ 33,211.51 $ 34,207.85
$ 30,778.54 $ 31,701.89 $ 32,652.95
 $ 20,519.02 $ 21,134.59 $ 21,768.63
$ 46,900.63 $ 48,307.64 $ 49,756.87
$ 71,607.21 $ 73,755.42 $ 75,968.08
$ 92,335.61 $ 95,105.67 $ 97,958.85
$ 102,385.74 $ 105,457.31 $ 108,621.03
$ 18,425.25 $ 18,978.00 $ 19,547.34
$ 32,244.18 $ 33,211.51 $ 34,207.85
$ 30,778.54 $ 31,701.89 $ 32,652.95
$ 20,519.02 $ 21,134.59 $ 21,768.63
$ 46,900.63 $ 48,307.64 $ 49,756.87
$ 71,607.21 $ 73,755.42 $ 75,968.08
$ 92,335.61 $ 95,105.67 $ 97,958.85
$ 102,385.74 $ 105,457.31 $ 108,621.03

2044 2045 2046

$16,560,000,000 $17,040,000,000 $17,520,000,000

2044 2045 2046

$2,520,000,000 $2,640,000,000 $2,760,000,000

2044 2045 2046

$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000
$2,640,000,000 $1,440,000,000 $3,240,000,000

2044 2045 2046

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2044 2045 2046

0% 0% 0%
$ 36,999,815,090.93 $ 38,109,809,543.66 $ 39,253,103,829.97

2044 2045 2046

$ 2,708,805,774.25 $ 2,708,805,774.25 $ 2,708,805,774.25
$ 25,733,654,855.34 $ 23,024,849,081.09 $ 20,316,043,306.85
$ 0.00 $ 0.00 $ 0.00
 2047 2048 2049

3.00% 3.00% 3.00%

33% 33% 33%

2047 2048 2049

23471690 23825740 24188550
16800220 16960455 17122515
1775360 1786675 1798355
42705 42705 42705
1862595 1927565 1994725
876000 904835 934765
581080 605170 630355
584365 606995 630355
949365 991340 1034775
2222120 2251320 2279790
1896540 1914790 1933040
39420 39785 39785
1095 1095 1095
139065 143810 148920
86505 89425 92345
49640 51830 54020
5475 5840 5840
4380 4745 4745
294920 306965 320105
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
111325 115705 120815
80300 83220 86505
103295 108040 112785

2047 2048 2049

$ 20,133.76 $ 20,737.78 $ 21,359.91
$ 35,234.09 $ 36,291.11 $ 37,379.84
$ 33,632.54 $ 34,641.51 $ 35,680.76
$ 22,421.69 $ 23,094.34 $ 23,787.17
$ 51,249.58 $ 52,787.07 $ 54,370.68
$ 78,247.13 $ 80,594.54 $ 83,012.38
$ 100,897.61 $ 103,924.54 $ 107,042.27
$ 111,879.66 $ 115,236.05 $ 118,693.13
$ 20,133.76 $ 20,737.78 $ 21,359.91
$ 35,234.09 $ 36,291.11 $ 37,379.84
$ 33,632.54 $ 34,641.51 $ 35,680.76
 $ 22,421.69 $ 23,094.34 $ 23,787.17
$ 51,249.58 $ 52,787.07 $ 54,370.68
$ 78,247.13 $ 80,594.54 $ 83,012.38
$ 100,897.61 $ 103,924.54 $ 107,042.27
$ 111,879.66 $ 115,236.05 $ 118,693.13
$ 20,133.76 $ 20,737.78 $ 21,359.91
$ 35,234.09 $ 36,291.11 $ 37,379.84
$ 33,632.54 $ 34,641.51 $ 35,680.76
$ 22,421.69 $ 23,094.34 $ 23,787.17
$ 51,249.58 $ 52,787.07 $ 54,370.68
$ 78,247.13 $ 80,594.54 $ 83,012.38
$ 100,897.61 $ 103,924.54 $ 107,042.27
$ 111,879.66 $ 115,236.05 $ 118,693.13

2047 2048 2049

$18,120,000,000 $18,600,000,000 $19,200,000,000

2047 2048 2049

$2,760,000,000 $2,880,000,000 $3,000,000,000

2047 2048 2049

$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,920,000,000
$2,160,000,000 $600,000,000 $4,800,000,000

2047 2048 2049

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2047 2048 2049

0% 0% 0%
$ 40,430,696,944.87 $ 41,643,617,853.22 $ 42,892,926,388.81

2047 2048 2049

$ 2,708,805,774.25 $ 2,708,805,774.25 $ 2,708,805,774.25
$ 17,607,237,532.60 $ 14,898,431,758.35 $ 12,189,625,984.11
$ 0.00 $ 0.00 $ 0.00
 2050 2051 2052

3.00% 3.00% 3.00%

33% 33% 33%

2050 2051 2052

24561215 24932055 25308735
17286400 17547375 17812730
1810035 1837410 1865150
42705 43435 44165
2064805 2095830 2127585
965790 980390 994990
656635 666490 676345
654445 664300 674520
1080400 1096825 1113250
2309355 2339650 2368850
1951290 1976475 2001660
40150 40880 41245
1095 1095 1095
154030 156220 158045
95265 96725 97820
56210 56940 57670
6205 6205 6205
5110 5110 5110
332880 346750 360985
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
125560 131035 136145
89790 93440 97455
117530 122275 127385

2050 2051 2052

$ 22,000.71 $ 22,660.73 $ 23,340.55
$ 38,501.24 $ 39,656.27 $ 40,845.96
$ 36,751.18 $ 37,853.72 $ 38,989.33
$ 24,500.79 $ 25,235.81 $ 25,992.89
$ 56,001.80 $ 57,681.85 $ 59,412.31
$ 85,502.75 $ 88,067.83 $ 90,709.87
$ 110,253.54 $ 113,561.15 $ 116,967.98
$ 122,253.93 $ 125,921.55 $ 129,699.19
$ 22,000.71 $ 22,660.73 $ 23,340.55
$ 38,501.24 $ 39,656.27 $ 40,845.96
$ 36,751.18 $ 37,853.72 $ 38,989.33
 $ 24,500.79 $ 25,235.81 $ 25,992.89
$ 56,001.80 $ 57,681.85 $ 59,412.31
$ 85,502.75 $ 88,067.83 $ 90,709.87
$ 110,253.54 $ 113,561.15 $ 116,967.98
$ 122,253.93 $ 125,921.55 $ 129,699.19
$ 22,000.71 $ 22,660.73 $ 23,340.55
$ 38,501.24 $ 39,656.27 $ 40,845.96
$ 36,751.18 $ 37,853.72 $ 38,989.33
$ 24,500.79 $ 25,235.81 $ 25,992.89
$ 56,001.80 $ 57,681.85 $ 59,412.31
$ 85,502.75 $ 88,067.83 $ 90,709.87
$ 110,253.54 $ 113,561.15 $ 116,967.98
$ 122,253.93 $ 125,921.55 $ 129,699.19

2050 2051 2052

$19,800,000,000 $20,400,000,000 $0

2050 2051 2052

$3,120,000,000 $3,120,000,000 $0

2050 2051 2052

$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000
$2,400,000,000 $1,560,000,000 $120,000,000

2050 2051 2052

$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0

2050 2051 2052

0% 0% 0%
$ 44,179,714,180.48 $ 45,505,105,605.89 $ 46,870,258,774.07

2050 2051 2052

$ 2,708,805,774.25 $ 2,708,805,774.25 $ 3,640,408,448.47
$ 9,480,820,209.86 $ 6,772,014,435.62 $ 41,864,697,157.42
$ 0.00 $ 38,733,091,170.28 $ 0.00
 2053 2054

3.00% 3.00%

33% 33%

2053 2054
25690890 26079615
18081735 18355120
1893255 1921725
44895 45625
2159705 2192555
1009955 1025285
686565 697150
684740 694960
1130040 1147195
2399145 2430170
2027210 2053125
41610 42340
1095 1095
160235 162060
99280 100375
58400 59130
6205 6570
5110 5475
376315 391645
0 0
0 0
0 0
0 0
0 0
141985 147825
101470 105485
132860 138335

2053 2054
$ 24,040.77 $ 24,761.99
$ 42,071.34 $ 43,333.48
$ 40,159.01 $ 41,363.78
$ 26,772.67 $ 27,575.85
$ 61,194.68 $ 63,030.52
$ 93,431.16 $ 96,234.10
$ 120,477.02 $ 124,091.33
$ 133,590.17 $ 137,597.87
$ 24,040.77 $ 24,761.99
$ 42,071.34 $ 43,333.48
$ 40,159.01 $ 41,363.78
 $ 26,772.67 $ 27,575.85
$ 61,194.68 $ 63,030.52
$ 93,431.16 $ 96,234.10
$ 120,477.02 $ 124,091.33
$ 133,590.17 $ 137,597.87
$ 24,040.77 $ 24,761.99
$ 42,071.34 $ 43,333.48
$ 40,159.01 $ 41,363.78
$ 26,772.67 $ 27,575.85
$ 61,194.68 $ 63,030.52
$ 93,431.16 $ 96,234.10
$ 120,477.02 $ 124,091.33
$ 133,590.17 $ 137,597.87

2053 2054
$0 $0

2053 2054
$0 $0

2053 2054
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0

2053 2054
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0

2053 2054
0% 0%
$ 48,276,366,537.29 $ 49,724,657,533.41

2053 2054
$ 3,640,408,448.47 $ 3,640,408,448.47
$ 38,224,288,708.95 $ 34,583,880,260.48
$ 0.00 -$ 34,583,880,260.48
 Año 2021 2022 2023

Ingresos Totales $0 $0 $0

Costo de Ventas $0 $9,720,000,000 $9,960,000,000

Gastos AOM $0 $0 $0

UF1 $0 $0 $0

UF2 $0 $0 $0

UF3 $0 $0 $0

UF4 $0 $0 $0

UF5 $0 $0 $0

UF6 $0 $0 $0

UF7 $0 $0 $0

Depreciación Total $0 $1,499,800,080 $1,499,800,080

Utilidad Operacional $0 -$11,219,800,080 -$11,459,800,080

Depreciación Total $0 $1,499,800,080 $1,499,800,080

EBITDA $0 -$9,720,000,000 -$9,960,000,000

Variación WK $0 -$798,904,110 -$19,726,027

CAPEX $18,747,501,000 $33,770,000,000 $58,700,000,000

Compra y Venta de Activos Fijos $18,747,501,000 $0 $0

UF1 $0 $5,950,000,000 $12,540,000,000

UF2 $0 $4,060,000,000 $6,380,000,000

UF3 $0 $7,140,000,000 $11,220,000,000

UF4 $0 $4,830,000,000 $7,590,000,000

UF5 $0 $1,820,000,000 $2,860,000,000

UF6 $0 $4,340,000,000 $6,820,000,000

UF7 $0 $4,900,000,000 $7,700,000,000

Otros $0 $730,000,000 $3,590,000,000

Impuesto Operacional $0 $0 $0

Impuesto G/P Ocasional $0 $0 $0

Flujo de Caja Libre -$18,747,501,000 -$42,691,095,890 -$68,640,273,973

Año 3 1 2

CXC $0 $0 $0

CXP $0 $798,904,110 $818,630,137

WK $0 -$798,904,110 -$818,630,137

VPN $ 180,973,070,957.24

TVR 9.50%
 FLUJO DE CAJA LIBRE DEL
2024 2025 2026 2027 2028

$0 $0 $0 $0 $0

$10,440,000,000 $10,680,000,000 $10,920,000,000 $11,400,000,000 $11,640,000,000

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$1,499,800,080 $1,499,800,080 $1,499,800,080 $1,499,800,080 $1,499,800,080

-$11,939,800,080 -$12,179,800,080 -$12,419,800,080 -$12,899,800,080 -$13,139,800,080

$1,499,800,080 $1,499,800,080 $1,499,800,080 $1,499,800,080 $1,499,800,080

-$10,440,000,000 -$10,680,000,000 -$10,920,000,000 -$11,400,000,000 -$11,640,000,000

-$39,452,055 -$19,726,027 -$19,726,027 -$39,452,055 -$19,726,027

$108,770,000,000 $212,470,000,000 $250,590,000,000 $296,310,000,000 $171,680,000,000

$0 $0 $0 $0 $0

$72,320,000,000 $89,470,000,000 $26,940,000,000 $0 $0

$36,140,000,000 $80,790,000,000 $13,880,000,000 $0 $0

$0 $0 $69,900,000,000 $120,950,000,000 $39,370,000,000

$0 $0 $34,180,000,000 $83,640,000,000 $39,090,000,000

$0 $0 $0 $7,340,000,000 $41,640,000,000

$0 $0 $1,010,000,000 $57,310,000,000 $49,950,000,000

$0 $37,490,000,000 $97,660,000,000 $23,360,000,000 $0

$310,000,000 $4,720,000,000 $7,020,000,000 $3,710,000,000 $1,630,000,000

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

-$119,170,547,945 -$223,130,273,973 -$261,490,273,973 -$307,670,547,945 -$183,300,273,973

3 4 5 6 7

$0 $0 $0 $0 $0

$858,082,192 $877,808,219 $897,534,247 $936,986,301 $956,712,329

-$858,082,192 -$877,808,219 -$897,534,247 -$936,986,301 -$956,712,329

A LIBRE DEL ANÁLISIS DE INVERSIÓN EN EL
2029 2030 2031 2032 2033

$0 $215,443,726,454 $227,584,128,109 $240,461,030,463 $252,600,238,031

$12,000,000,000 $12,480,000,000 $12,840,000,000 $13,200,000,000 $13,560,000,000

$5,880,000,000 $5,040,000,000 $9,240,000,000 $8,400,000,000 $5,040,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$840,000,000 $720,000,000 $1,320,000,000 $1,200,000,000 $720,000,000

$1,499,800,080 $1,499,800,080 $1,499,800,080 $2,015,605,893 $2,015,605,893

-$19,379,800,080 $196,423,926,374 $204,004,328,029 $216,845,424,570 $231,984,632,137

$1,499,800,080 $1,499,800,080 $1,499,800,080 $2,015,605,893 $2,015,605,893

-$17,880,000,000 $197,923,726,454 $205,504,128,109 $218,861,030,463 $234,000,238,031

-$29,589,041 $35,375,955,034 $1,966,093,423 $2,087,162,031 $1,965,897,134

$41,420,000,000 $0 $21,445,573,466 $0 $0

$0 $0 $21,445,573,466 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$8,920,000,000 $0 $0 $0 $0

$32,160,000,000 $0 $0 $0 $0

$0 $0 $0 $0 $0

$340,000,000 $0 $0 $0 $0

$0 $64,819,895,703 $67,321,428,250 $71,558,990,108 $76,554,928,605

$0 $0 $0 $0 $0

-$59,270,410,959 $97,727,875,717 $114,771,032,971 $145,214,878,324 $155,479,412,291

8 9 10 11 12

$0 $35,415,407,088 $37,411,089,552 $39,527,840,624 $41,523,326,800

$986,301,370 $1,025,753,425 $1,055,342,466 $1,084,931,507 $1,114,520,548

-$986,301,370 $34,389,653,664 $36,355,747,086 $38,442,909,117 $40,408,806,252

SIÓN EN EL PROYECTO ACCESOS DEL NORTE F
2034 2035 2036 2037 2038

$265,417,511,245 $279,009,127,769 $293,386,160,119 $308,632,175,731 $324,933,580,288

$14,040,000,000 $14,520,000,000 $15,000,000,000 $15,360,000,000 $15,960,000,000

$10,080,000,000 $15,960,000,000 $9,960,000,000 $21,720,000,000 $14,160,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,440,000,000 $3,120,000,000 $2,040,000,000

$1,440,000,000 $2,280,000,000 $1,320,000,000 $3,000,000,000 $1,920,000,000

$2,015,605,893 $2,015,605,893 $2,015,605,893 $2,015,605,893 $2,015,605,893

$239,281,905,352 $246,513,521,875 $266,410,554,225 $269,536,569,837 $292,797,974,394

$2,015,605,893 $2,015,605,893 $2,015,605,893 $2,015,605,893 $2,015,605,893

$241,297,511,245 $248,529,127,769 $268,426,160,119 $271,552,175,731 $294,813,580,288

$2,067,496,967 $2,194,786,278 $2,323,895,729 $2,476,605,306 $2,630,367,872

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$78,963,028,766 $81,349,462,219 $87,915,482,894 $88,947,068,046 $96,623,331,550

$0 $0 $0 $0 $0

$160,266,985,512 $164,984,879,272 $178,186,781,495 $180,128,502,378 $195,559,880,865

13 14 15 16 17

$43,630,275,821 $45,864,514,154 $48,227,861,937 $50,734,056,284 $53,413,739,225

$1,153,972,603 $1,193,424,658 $1,232,876,712 $1,262,465,753 $1,311,780,822

$42,476,303,218 $44,671,089,496 $46,994,985,225 $49,471,590,531 $52,101,958,403

DEL NORTE FASE II (EN PESOS COLOMBIANOS
2039 2040 2041 2042 2043

$342,175,893,356 $360,442,368,104 $379,756,933,429 $400,157,193,721 $420,893,540,855

$16,320,000,000 $16,920,000,000 $17,400,000,000 $18,000,000,000 $18,600,000,000

$6,720,000,000 $12,480,000,000 $10,920,000,000 $7,560,000,000 $15,120,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,800,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$960,000,000 $1,680,000,000 $1,560,000,000 $1,080,000,000 $2,160,000,000

$2,015,605,893 $2,015,605,893 $2,015,605,893 $2,708,805,774 $2,708,805,774

$317,120,287,462 $329,026,762,210 $349,421,327,536 $371,888,387,946 $384,464,735,081

$2,015,605,893 $2,015,605,893 $2,015,605,893 $2,708,805,774 $2,708,805,774

$319,135,893,356 $331,042,368,104 $351,436,933,429 $374,597,193,721 $387,173,540,855

$2,804,763,792 $2,953,393,109 $3,135,544,985 $3,304,152,377 $3,359,399,529

$0 $0 $28,821,057,445 $0 $0

$0 $0 $28,821,057,445 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$104,649,694,863 $108,578,831,529 $115,309,038,087 $122,723,168,022 $126,873,362,577

$0 $0 $0 $0 $0

$211,681,434,701 $219,510,143,465 $204,171,292,912 $248,569,873,322 $256,940,778,749

18 19 20 21 22

$56,248,092,058 $59,250,800,236 $62,425,797,276 $65,779,264,721 $69,187,979,319

$1,341,369,863 $1,390,684,932 $1,430,136,986 $1,479,452,055 $1,528,767,123

$54,906,722,195 $57,860,115,305 $60,995,660,290 $64,299,812,666 $67,659,212,195

COLOMBIANOS NOMINALES)
2044 2045 2046 2047 2048

$442,862,202,369 $466,006,653,273 $490,471,445,257 $516,359,759,976 $543,767,651,794

$19,080,000,000 $19,680,000,000 $20,280,000,000 $20,880,000,000 $21,480,000,000

$18,480,000,000 $10,080,000,000 $22,680,000,000 $15,120,000,000 $4,200,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,640,000,000 $1,440,000,000 $3,240,000,000 $2,160,000,000 $600,000,000

$2,708,805,774 $2,708,805,774 $2,708,805,774 $2,708,805,774 $2,708,805,774

$402,593,396,595 $433,537,847,499 $444,802,639,482 $477,650,954,201 $515,378,846,020

$2,708,805,774 $2,708,805,774 $2,708,805,774 $2,708,805,774 $2,708,805,774

$405,302,202,369 $436,246,653,273 $447,511,445,257 $480,359,759,976 $518,087,651,794

$3,571,834,769 $3,755,252,203 $3,972,294,573 $4,206,298,310 $4,456,091,806

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$132,855,820,876 $143,067,489,675 $146,784,871,029 $157,624,814,886 $170,075,019,187

$0 $0 $0 $0 $0

$268,874,546,723 $289,423,911,395 $296,754,279,655 $318,528,646,779 $343,556,540,802

23 24 25 26 27

$72,799,266,143 $76,603,833,415 $80,625,443,056 $84,881,056,434 $89,386,463,309

$1,568,219,178 $1,617,534,247 $1,666,849,315 $1,716,164,384 $1,765,479,452

$71,231,046,965 $74,986,299,168 $78,958,593,741 $83,164,892,051 $87,620,983,857

 2049 2050 2051 2052 2053

$572,698,806,054 $603,328,301,305 $631,361,537,572 $660,659,321,674 $691,395,609,011

$22,200,000,000 $22,920,000,000 $23,520,000,000 $0 $0

$34,320,000,000 $16,800,000,000 $10,920,000,000 $840,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,920,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$4,800,000,000 $2,400,000,000 $1,560,000,000 $120,000,000 $0

$2,708,805,774 $2,708,805,774 $2,708,805,774 $3,640,408,448 $3,640,408,448

$513,470,000,280 $560,899,495,531 $594,212,731,798 $656,178,913,225 $687,755,200,563

$2,708,805,774 $2,708,805,774 $2,708,805,774 $3,640,408,448 $3,640,408,448

$516,178,806,054 $563,608,301,305 $596,921,537,572 $659,819,321,674 $691,395,609,011

$4,696,628,098 $4,975,807,439 $4,558,888,153 $6,749,224,784 $5,052,540,384

$0 $0 $38,733,091,170 $0 $0

$0 $0 $38,733,091,170 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$169,445,100,092 $185,096,833,525 $196,090,201,493 $216,539,041,364 $226,959,216,186

$0 $0 $0 $0 $0

$342,037,077,864 $373,535,660,342 $357,539,356,755 $436,531,055,525 $459,383,852,441

28 29 30 31 32

$94,142,269,488 $99,177,255,009 $103,785,458,231 $108,601,532,330 $113,654,072,714

$1,824,657,534 $1,883,835,616 $1,933,150,685 $0 $0

$92,317,611,954 $97,293,419,393 $101,852,307,546 $108,601,532,330 $113,654,072,714

 2054

$723,606,599,588

$0

$0

$0

$0

$0

$0

$0

$0

$0

$3,640,408,448

$719,966,191,139

$3,640,408,448

$723,606,599,588

-$113,654,072,714

-$34,583,880,260

-$34,583,880,260

$0

$0

$0

$0

$0

$0

$0

$0

$237,588,843,076

$0

$634,255,709,486

33

$0

$0

$0